IDFC First Bank Salary Account
IDFC First Bank offers multiple types of Salary Accounts which are specialized banking accounts designed for employees to conveniently not only receive their salaries but enjoy a lot of benefits also. They offer many features such as a zero balance account, attractive interest rates, personalized debit cards, easy access to online banking services and many others. By opening Salary Account with IDFC First Bank, account holders can avail of various loan facilities, better interest rates, and other offers. These accounts are designed to fulfill financial needs of working people and provide a seamless banking experience.
IDFC First Bank Corporate Salary Account
Features & Benefits
- Zero balance account
- Deposit interest rate of up to 6.75%
- Minimal and transparent fees
- Free general banking services
- Unlimited ATM transactions
- Zero charges for fund transfers
- Get VISA Platinum Debit Card
- Free Personal Accidental Insurance Cover (death or permanent disability) of Rs. 35 lakhs
- Free Air Accident Insurance cover of Rs. 1 Crore
- Enjoy purchase protection and lost card liability of up to Rs 6 lakhs
Eligibility
Indian citizens, Residents of India or Foreign nationals residing in India and meeting GOI criteria can apply for opening this salary account.
Minimum Monthly Salary Credit Requirement of the account holders will be as follows:
Documents Required
For Digital Bank Account Opening
- Aadhaar number
- PAN number/ Form 60
For Physical Bank Account Opening
- Passport-size photograph
- PAN card copy
- If you have a PAN Card, it is mandatory to provide it while opening your account any one of the following document:
- Aadhaar Card, Passport, Voter’s Identity Card (Election Card), Permanent and valid driving license with photograph, Job Card issued by NREGA duly signed by an officer of the State Government, Letter issued by the National Population Register containing details of name and address.
Fees & Charges
- Passbook Issuance & Printing: Free
- Stop Payment on Cheques: Free
- Alerts for transactions on your account: Free
- Standing Instruction- Set Up/Execution/Amendment: Free
- Electronic Funds Transfer (NEFT/RTGS/IMPS) Inward & Outward: Free
- Cash Deposit/Withdrawal at branch: Free
- Outstation Cheque Collection: Free
- Phone Banking: Free
- Interest/TDS Certificate: Free
- Net Banking: Free
- Balance Confirmation Certificate: Free
- DD - Duplicate Issuance: Free
- Balance Enquiry (Branch/Channels): Free
- DD Cancellation/ revalidation: Free
- Re-issue of Cheque Book: Free
- Debit Card re-issuance: Free
- Statement Request: Free
- Annual Debit Card fees: Free
How to Open IDFC FIRST Bank Corporate Salary Account Online?
You need to perform following steps in order to open IDFC FIRST Bank Corporate Salary Account Online,
- Step 1: Visit the IDFC FIRST Bank official website
- Step 2: Click on the account opening section
- Step 3: Click on the option to open a salary account
- Step 4: Enter your Aadhaar number and PAN number
- Step 5: Fill in the required personal details such as,
- Your name
- Residential address
- Contact information i.e. mobile number and email id
- Employment details
- Step 6: Verify your Aadhaar details through OTP authentication or biometric verification
- Step 7: An OTP will be sent by the bank to your mobile number
- Step 8: Enter the OTP to authenticate your Aadhaar details
- Step 9: Review the information you have provided
- Step 10: Click on 'Apply' button
- Step 11: You will receive a confirmation message through SMS or email
- Step 12: After that you will be contacted by the IDFC FIRST Bank representative for additional information or to schedule a video KYC verification
- Step 13: After successful verification, your IDFC FIRST Bank Corporate Salary Account will be opened
- Step 14: You will get your account details through SMS or email
IDFC First Bank Nation First Salary Account
Features & Benefits
- Zero Balance Account
- Offers monthly interest credit on savings accounts.
- Free personal accident cover of up to Rs 1 crore
- Offers VISA Platinum Debit card
- Free air accident insurance of up to Rs 1 crore
- Child education grants Rs. 4 lakhs each for max 2 child education
- Girl child marriage cover Rs. 2 lakhs
- Purchase protection up to Rs. 1 lakh on your debit card
- Lost card liability up to Rs. 8 lakhs on your debit card
- Free and unlimited ATM transactions at any bank anywhere in india
- Lounge access across major airports
Eligibility
Employees working for Central and State Government companies as well as PSU Sectors in India are eligible to open a Nation FIRST Salary Account.
Documents Required
For Physical Bank Account Opening
- Passport-size photograph
- PAN card copy
- If you have a PAN Card, it is mandatory to provide it while opening your account any one of the following document:
- Aadhaar Card, Passport, Voter’s Identity Card (Election Card), Permanent and valid driving license with photograph, Job Card issued by NREGA duly signed by an officer of the State Government, Letter issued by the National Population Register containing details of name and address.
Fees & Charges
- Passbook Issuance & Printing: Free
- Stop Payment on Cheques: Free
- Alerts for transactions on your account: Free
- Standing Instruction- Set Up/Execution/Amendment: Free
- Electronic Funds Transfer (NEFT/RTGS/IMPS) Inward & Outward: Free
- Cash Deposit/Withdrawal at branch: Free
- Outstation Cheque Collection: Free
- Phone Banking: Free
- Interest/TDS Certificate: Free
- Net Banking: Free
- Balance Confirmation Certificate: Free
- DD - Duplicate Issuance: Free
- Balance Enquiry (Branch/Channels): Free
- DD Cancellation/ revalidation: Free
- Re-issue of Cheque Book: Free
- Debit Card re-issuance: Free
- Statement Request: Free
- Annual Debit Card fees: Free
IDFC First Bank Salary Booster Account
Salary Booster account offers a pre-approved Overdraft facility that eliminates the need for extensive documentation, collateral, or guarantees. Applying for Salary Booster is simple since you may do it quickly and easily using your mobile device.
You can also access your salary in advance with IDFC FIRST Bank's Salary Booster account which provides you with an emergency overdraft facility.
Features & Benefits
- Pre-approved Overdraft facility on the basis of salary credit
- No collateral required
- Account opens without any documentation
- Pay interest only on amount utilized
- No separate debit card required
- No separate cheque book required
Eligibility
For being eligible for the Salary Booster account, you should have an IDFC FIRST Bank Corporate Salary Account with a minimum Net Take Home salary of Rs 20,000.
Documents Required
With minimal paperwork and regular salary deposits into your account.